B.O.S. Better Online Solutions (BOSC) Reports Q2 EPS of $0.05

B.O.S. Better Online Solutions (NASDAQ: BOSC) reported Q2 EPS of $0.05.

Yuval Viner, Co-CEO at BOS, stated, “We are pleased with the organic revenue growth we experienced across our Supply Chain and RFID and Mobile divisions. As we have stated in the past, we are focused on strategically building our international pipeline, specifically for our Supply Chain division, while leveraging our leading position in Israel as a provider of RFID and Mobile solutions, and our first half results reflect our efforts to do so. During the second quarter we announced two orders for our comprehensive Supply Chain solutions, and have also completed the delivery of a mobile system order for a top tier customer in the Israeli market, demonstrating our leadership position. We look forward to continuing this momentum into the second half of fiscal 2018, and meet our forecast for fiscal 2018 of revenues exceeding $29 million and net income surpassing $800,000.”

Eyal Cohen, Co-CEO at BOS, added, “Revenue growth in the Supply Chain division was primarily due to a 54% increase in sales to the Far East, and growth in the RFID and Mobile division was largely attributable to orders from both new and existing customers within the Israeli market. Our gross margins decreased slightly as compared to the comparable periods, due primarily to product mix, but we expect gross margins to improve in the second half of the year. Furthermore, we continued to strengthen our balance sheet providing us with a solid platform for future growth.”

For earnings history and earnings-related data on B.O.S. Better Online Solutions (BOSC) click here.

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